Posted To: MBS Commentary

Bonds have been hammered by selling pressure in 2021–especially in February. When it comes to many parts of the financial market, and especially bonds, strong momentum in one direction builds a case for a technical bounce in the other direction. In other words, the more bonds sell, the more traders consider them “oversold,” and the greater the odds become of at least a day or two of gains. We saw an example of such a bounce last week, but it didn’t last. Now that bonds have embarked on another sharp selling-spree, how soon is too soon to look for the next technical bounce? First off, let’s check in with the trend and yesterday’s big breakout. From a technical standpoint, this is not good. I mean… it hasn’t BEEN good to be operating in a fairly relentless uptrend…(read more)

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Published On: February 17, 2021 / Categories: Mortgage News /

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